Bitcoin price prediction – Here’s why the real capitulation isn’t here yet!
Bitcoin's breakdown below the $60K February low would lead to true capitulation.
Here's why an analyst believes BTC could breach the $60K support.
While Bitcoin (BTC) trades at its lowest levels in months, some market watchers have warned that the leading crypto may be preparing for another major drop as it retests a critical technical area that has historically marked a turning point.
June 5, 2026, 8:00 amA confluence of factors makes $60,000 as key level to watch for in the near term, according to Deribit.
June 5, 2026, 7:52 amBitcoin's breakdown below the $60K February low would lead to true capitulation.
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Spot Bitcoin (BTC) exchange-traded funds (ETFs) have recorded 13 consecutive days of net outflows from May 15 to June 3, the longest such streak since the products launched in early 2024. The funds shed $4.33 billion and 59,351 BTC over that span, according to Galaxy Research.
Bitcoin price started a fresh decline below the $65,000 zone. BTC is showing bearish signs and might continue to move down if it dips below $62,000. Bitcoin failed to stay above $65,500 and extended losses. The price is trading below $64,000 and the 100 hourly simple moving average.
Bitcoin has reached Peter Brandt’s February downside target, but the veteran trader says BTC could still move lower before forming a tradable bottom. In an earlier outlook, he projected a potential $300,000 to $500,000 bitcoin peak in 2029.
Bitcoin (BTC) has crashed below $70,000, underperforming the already weak crypto market as selling pressure tests price action. Market analyst Crypto Patel noted that he had anticipated this significant drop, citing BTC’s fragile price structure and persistent bearish factors in recent weeks.